Dunelm Group plc (LON:DNLM) Given Average Rating of “Hold” by Analysts

Shares of Dunelm Group plc (LON:DNLM) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 1,220.83 ($16.33).

A number of brokerages have commented on DNLM. JPMorgan Chase & Co. increased their price target on shares of Dunelm Group from GBX 1,140 ($15.25) to GBX 1,170 ($15.65) and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,060 ($14.18) target price on shares of Dunelm Group in a report on Thursday, September 12th. Berenberg Bank boosted their price target on shares of Dunelm Group from GBX 1,410 ($18.86) to GBX 1,470 ($19.66) and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,325 ($17.72) price objective on shares of Dunelm Group in a research note on Tuesday, September 17th.

Dunelm Group Price Performance

Shares of Dunelm Group stock opened at GBX 1,165 ($15.58) on Friday. The firm has a market capitalization of £2.36 billion, a PE ratio of 1,574.32, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. Dunelm Group has a 12 month low of GBX 959 ($12.83) and a 12 month high of GBX 1,279 ($17.11). The business’s 50-day moving average price is GBX 1,209.79 and its 200-day moving average price is GBX 1,122.89.

Dunelm Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, October 31st will be given a GBX 27.50 ($0.37) dividend. This represents a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, October 31st. Dunelm Group’s payout ratio is 5,945.95%.

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Luisa Wright purchased 2,452 shares of Dunelm Group stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of GBX 1,139 ($15.24) per share, for a total transaction of £27,928.28 ($37,357.25). 34.28% of the stock is currently owned by company insiders.

About Dunelm Group

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.